Tag Archives: Global Fashion Group

Global Fashion Group as a Big Player With Big Losses

Is that what an IPO candidate looks like? In its annual report for 2016 (PDF), the Global Fashion Group presents itself as a big player with a net merchandise value above €1 billion, but also with huge losses: After parting with Jabong in India (Flipkarts Myntra bought Jabong for $70 million last summer), Zalora in […]

Global Fashion Group is Not a Growth Company Anymore

Cutting costs, Selling off businesses: Global Fashion Group is trying out a road to profitability. Rocket Internet reported numbers for the first half of 2016 for its former ragtag group of fashion startups, Global Fashion Group (GFG); one week before Rocket Internet reports its own numbers. (Appendix PDF with numbers can be found here.) Reuters: […]